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The world’s central banks are treading cautiously into 2024. Here’s why
How are you approaching the end of the year and the start of 2024? Are you excited? Full of energy? Or full of trepidation as another 12 months looms into view? Some of the world’s major central banks – including the US Federal Reserve, the European Central Bank and the Bank of England – are feeling cautious and are likely to avoid drama in their last set of meetings of 2023, according to investors. Their stance matters because central banks use tools, including interest rates, to keep the economy steady, foster growth, and keep inflation in check. And those rates affect us all – directly impacting the cost ... (full story)